WHY THE GOVERNMENT REDISTRIBUTES WEALTH

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  • WHY THE GOVERNMENT REDISTRIBUTES WEALTH
    • EQUITY AND EQUALITY
      • 10% WHO EARN THE MOST WILL EARN SEVERAL MULTIPLES OF THE 10% WHO EARN THE LEAST
      • INEQUALITY HAS INCREASED RAPIDLY FROM 1979-2009
      • 1979 A HOUSEHOLD ON THE 90TH PERCENTILE OF INCOME EARNED 3x AS MUCH AS THE HOUSEHOLD ON THE 10TH PERCENTILE
        • 2009- FIGURE IS NOW 5x AS MUCH
      • FAILURE OF THE FREE MARKET?
      • PROGRESSIVE TAX
      • REDUCE THE GAP
      • HOW MUCH INEQUALITY IS UNFAIR?
      • RAIL TRANSPORT ISN'T CHEAP
      • BUS SERVICES ARE CHEAPER. LESS THAN AVERAGE INCOME
      • THE NATIONAL RAIL CARD SCHEME GIVES 1/3 OFF FARES FOR AGE GROUPS16-25, AND OVER 59 AS A WAY OF REDUCING INEQUALITY
    • CAUSES OF INEQUALITY
      • GENETICS
        • IQ SCORES ARE BEST PREDICTION FOR FUTURE INCOMES
        • HEALTHY = BETTER INCOME
      • UPBRINGING
        • CHILDS UP BRING AFFECTS THE CHILDS FUTURE
        • CAN BUY BETTER HEALTH AND EDUCATION FOR THEIR CHILDREN
        • SCHOOLS MAY HAVE SMALLER CLASSES- MORE FOCUSED
        • EXTRA-CURRICULAR ACTIVITIES WITH KIDS FROM SIMILAR BACKGROUNDS WHOSES PARENTS HAVE SIMILAR ASPIRATIONS
        • GOING TO UNI MAY BE THE NORM
      • CHANCE
        • BORN LUCKY
        • SOME EVENTS CAN BE PUT DOWN TO CARELESSNESS (BAD INVESTMENTS)
      • PERSONAL PREFERENCES AND PERSONAL RESPONSIBILITY AS AN ADULT
        • AMBITIONS OR MONEY?
        • HIGHER PAY, OR A JOB THEY ENJOY MORE?
      • DISCRIMINATION
        • GENDER
        • RACE
        • PERSONAL CHARACTERISTICS

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